Right, here’s your homework for the weekend. If you haven’t already, spend a bit of time ploughing through The Guardian’s fascinating examination of tax avoidance by UK-based companies.
As most of us were already aware, zillions of pounds are being squirreled away from the public purse by companies that we all use every single day, leading to us all having to shell out more from our own hard-earned wedge. Th Guardian features have named and shamed some of the guilty.
How Barclays diverted £30m away from the Exchequer with the help of the Irish gas board.
Walkers Crisps and their Swiss tax haven.
How GlaxoSmithKline transferred more than 40 trademarks (and a shed-load of tax liability) to Puerto Rico
Whisky Galore! Johnnie Walker and their secret Dutch subsidiaries.